S&P 500 Index Analytics: Ready for a minor correction?

S&P 500 Index Analytics on 09/23/22:

Today we’re here to talk about the S&P 500 Index.

SNP500 Index Analytics - 23 -09-22 - 4h

What’s on the market now:

Today the index is trading at the level of 3758. Yesterday the market was expectedly falling, as I said earlier. Today the market will try to hold on to the 3700 level, where I expect mid-term players to enter. It is at this level that I expect an attempt to stylize the market and start a new correction.

What today:

Today, at the opening, I expect another attempt to go to the level of 3700-3715. Where possible the beginning of the correction. Today, the market is also likely to fall sharply, so long positions are prohibited.

To enter long positions, you need to look for confirmation

SNP500 Index Analytics - 23-09-22 - 1h

Here are my trading recommendations for today 09/23/22

What I recommend:

  • If you want to open short:
    Short positions are possible from the level of 3820, limit your losses.
  • If you want to buy:
    Long positions are possible at the 3700 level, but confirmation is needed, limit your losses.
  • If you are not in the market:
    Long positions are possible from the level of 3700, but confirmation is needed. Short positions are possible from level 3820, limit your losses.
KVATOO
KVATOO
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